Circular RUNOR 1 - 97. Price bidding for the disposal of credits belonging to financial entities in liquidation and deassigned assets

BANCO CENTRAL DE LA REPUBLICA ARGENTINA __________________________________________________________________ COMUNICACION " A " 1955 I 11/05/92 __________________________________________________________________ TO FINANCIAL ENTITIES:
Ref.: Circular
RUNOR 1 - 97.
Price bidding for the disposal of credits belonging to financial entities in liqui- dation and deassigned assets. We address ourselves to you and through you to the interested sectors, in order to inform you that this Bank, through Resolution of the Board of Directors No. 172 dated April 24 of last year, has resolved:

1. To establish that the guarantee deposit referred to in the first paragraph of point 9, of Resolution No. 108/92 of this Body
   will be equivalent to 4% (four percent) on the value of the certified debt.

2. To determine the rejection of all proposals for cancellation,
   settlement, arrangements, and discounts formulated by debtors of enti- financial entities in liquidation or deassigned assets that on the date are under consideration of this Institution without a resolution having been issued on them, as long as they are susceptible of being included in the present regime.

3. From the validity of the present and until 01.07.92
   the initiation and continuity of pending collection actions will be suspended, unless their non-interposition in that period implies liberating prescription or expiration of the Instance in favor of the debtor.

We salute you very attentively.
Adolfo C. Lavenia Eduardo G. Castro Supervisor of Realization Deputy General Manager of Assets Area of Liquidations